India joins as member of G20 troika

• India became a member of the G20 Troika, which currently includes Indonesia, Italy, and now India.
• The G20 is the leading worldwide platform for international economic cooperation and its summit is held on a rotating basis by each of the members.
• The term "troika" refers to the G20's highest grouping, which includes the current, prior, and upcoming presidents — Indonesia, Italy, and India.
• The G-20 summit was recently held in Italy, and it will be held in Indonesia next year.
• On December 1, 2022, India will take over the G20 presidency from Indonesia, and in 2023, it will host the first-ever G20 leaders' meeting.

Important Takeaways

About G20 

• The G20, or Group of Twenty, is a multilateral forum made up of 19 countries and the European Union. It focuses on significant global economic challenges such as international financial stability, climate change mitigation, and sustainable development.